NAOC

NAOC

The Nigerian Agip Oil Company (NAOC) operates in the Niger Delta under a joint venture agreement with NNPC (60%), NAOC (20%), and Oando (20%). NAOC is the operator of two onshore exploration leases, namely: OPL 282 (90% interest) in the swamp and OPL 135 (48% interest) in the land area of the delta. NAOC also holds 5% participating interest in SPDC JV with NNPC (55%), the Shell Petroleum Development Company (SPDC) (30%), and Total E&P Nigeria (TEPNG) (10%). Read more here: www.eni.com